AIVSX vs JEPI: 25% overlap
American Funds Investment Company of America A and JPMorgan Equity Premium Income ETF share 24.5% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AIVSX and JEPI hold 48 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AIVSX | in JEPI | Δ |
|---|---|---|---|
| RTX | 1.5% | 1.5% | 0.0% |
| NVDA | 6.5% | 1.4% | 5.1% |
| AMZN | 4.7% | 1.4% | 3.3% |
| AAPL | 2.2% | 1.4% | 0.8% |
| GOOGL | 2.5% | 1.4% | 1.1% |
| AVGO | 6.1% | 1.3% | 4.8% |
| MSFT | 5.7% | 1.3% | 4.4% |
| VRTX | 1.7% | 1.2% | 0.5% |
| PM | 2.3% | 1.2% | 1.1% |
| META | 2.6% | 1.2% | 1.4% |
Where AIVSX and JEPI differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | AIVSX | JEPI | Δ |
|---|---|---|---|
| Information Technology | 29.2% | 13.5% | +15.7pp |
| Unclassified | 5.5% | 19.6% | −14.1pp |
| Communication Services | 9.9% | 5.2% | +4.8pp |
| Utilities | 2.3% | 5.4% | −3.2pp |
| Industrials | 11.8% | 8.9% | +2.9pp |
| Real Estate | 0.8% | 2.9% | −2.1pp |
| Materials | 3.1% | 1.5% | +1.5pp |
| Consumer Staples | 6.4% | 7.8% | −1.4pp |
Δ is AIVSX minus JEPI, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
48.1% of AIVSX by weight, held in no part of JEPI.
54.8% of JEPI by weight, held in no part of AIVSX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AIVSX | JEPI | |
|---|---|---|
| Top 10 holdings | 39.5% | 15.7% |
| Positions held | 168 | 120 |
| Cost per $10,000 held, per year | $58 | $35 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do AIVSX and JEPI overlap?
AIVSX and JEPI overlap 24.5% by portfolio weight — moderate overlap. They share 48 holdings. The figure comes from current issuer holdings files (AIVSX as of 2026-03-31, JEPI as of 2026-03-31).
How is the overlap between AIVSX and JEPI calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AIVSX holds a stock at 6% and JEPI holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both AIVSX and JEPI?
That depends on your goals — we state facts, not advice. At 24.5% overlap, each fund still contributes meaningfully distinct exposure.
What does AIVSX own that JEPI doesn't?
AIVSX holds 168 positions and JEPI holds 120; 120 of AIVSX's positions don't appear in JEPI at all, and they are 48.1% of AIVSX by weight.
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Related comparisons
Sources: issuer holdings files, AIVSX as of 2026-03-31, JEPI as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.